2026-07-072026-07-07http://salesiana.dossiersoluciones.com/handle/123456789/112904We continue our study of intermittency for the parabolic Anderson equation $\partial u/\partial t = κΔu + ξu$, where $u\colon \Z^d\times [0,\infty)\to\R$, $κ$ is the diffusion constant, $Δ$ is the discrete Laplacian, and $ξ\colon \Z^d\times [0,\infty)\to\R$ is a space-time random medium. The solution of the equation describes the evolution of a ``reactant'' $u$ under the influence of a ``catalyst'' $ξ$. In this paper we focus on the case where $ξ$ is exclusion with a symmetric random walk transition kernel, starting from equilibrium with density $ρ\in (0,1)$. We consider the annealed Lyapunov exponents, i.e., the exponential growth rates of the successive moments of $u$. We show that these exponents are trivial when the random walk is recurrent, but display an interesting dependence on the diffusion constant $κ$ when the random walk is transient, with qualitatively different behavior in different dimensions. Special attention is given to the asymptotics of the exponents for $κ\to\infty$, which is controlled by moderate deviations of $ξ$ requiring a delicate expansion argument. In Gärtner and den Hollander \cite{garhol04} the case where $ξ$ is a Poisson field of independent (simple) random walks was studied. The two cases show interesting differences and similarities. Throughout the paper, a comparison of the two cases plays a crucial role.53 pagesProbabilityMathematical Physics60H25; 82C44text